XTB
4.6
136 Good Money Guide users have given this provider a review rating of 4.6 out of 5 based on their genuine experience.
Excellent77%
Very good12%
Average7%
Poor2%
Terrible2%

XTB Reviews

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"XTB offers traders some of the best market access, pricing and trading tools including the ability to invest in the long-term alongside their short-term speculation."
Richard Berry
Richard Berry
Good Money Guide Founder

XTB Customer Reviews

Tell us what you think of this provider.

Best Trading platform

21st October 2024

Best trading platform in term of execution and market updates.

Mohamed

It offers everything I need

21st October 2024

I find the platform easy to use and it has everything you need. I have created my own Investment Plan and I invest in stocks. Not much of a risk taker myself. I have spoken to the account managers a few times too. They are super helpful and there to answer any questions you have. The platform has gotten better over the years and has definitely improved. Overall it offers everything I need.

Spiros
Verified

I like it

21st October 2024

I had a great experience with XTB! The platform is easy to use, and I love the variety of trading options available. Their customer support is fantasticβ€”always quick to help when I have questions. Plus, the educational resources are super helpful for improving my trading skills. Overall, I highly recommend XTB for anyone looking to trade!

Wendy
Verified

Very good CFD broker

20th June 2024

Very good CFD broker

Oyedeji Jaiyeola

Solid in web browser

19th June 2024

Solid in web browser

Ian Day

Considerable

11th June 2024

Considerable

Ussumane Sauane

n/a

7th June 2024

n/a

Miroslaw Jankowski

Very good, no…

29th May 2024

Very good, no requotes

Mark

short experience trading CFD’s -…

25th May 2024

short experience trading CFD’s – expensive and confusing

John Pilkington

I get a quick response…

24th May 2024

I get a quick response from support

Maheshkumar Haria

72% of retail investor accounts lose money when trading CFDs with this provider

XTB – Good Money Guide’s Expert Review

XTB Review: A Great All Round Trading & Investing Platform
Good Money Guide Recommended 2024

Provider: XTB

Verdict: XTB is a CFD and forex broker headquartered in Poland and listed on the Warsaw Stock Exchange (WSE:XTB) valued at over $1bn.Β  XTB was founded in 2003 and offers forex, indices, commodities, ETF and stock CFD trading. XTB has historically used celebrity endorsements to promote it’s brand including Jose Mourinho, Conor McGregor, Joanna JΔ™drzejczyk and JiΕ™Γ­ ProchΓ‘zka.
72% of retail investor accounts lose money when trading CFDs with this provider

Is XTB a good broker?

XTB, are a decent all-round trading platform and a good choice for most small-to-medium sized CFD traders. They are publically listed in Poland and offer, competitive spreads on a fairly wide range of markets.

The key things to focus on when considering trading with XTB are:

  1. They have their own proprietary trading platform. When I interviewed Omar Arnaout, the XTB CEO Omar Arnout, he said “I’m really proud of our platform and honestly believe it’s one of the best in the market.” Rightly so.
  2. They really push client education, XTB won “Best Trading Platform Education” in our 2023 awards (although they didn’t show up to collect the trophy, they never do). You can read their Q&A on forex education here.
  3. Customer service is paramount. Omar said that “first and foremost is the customer service”. I really agree with this as I think it’s important to have a few different trading accounts (diversify, diversify, diversify) and you’ll trade more with the broker that treats you best.

Pros

  • Publically listed
  • Mulitple platform choices
  • Innovative order types

Cons

  • Not UK based
  • No DMA
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4

Β 

Our XTB Ratings Explained

  • Pricing: Industry standard and inline with tight spreads
  • Market Access: Getting better all the time as XTB embrace long-term investing
  • Platform & Apps: Very good, with some really innovative features and integrations
  • Customer Service: Industry standard.
  • Research & Analysis: Lots of educational ‘masterclasses’ built-in.

72% of retail investor accounts lose money when trading CFDs with this provider

XTB Facts & Figures

Total Markets2,100
➑️Forex Pairs57
➑️Commodities22
➑️Indices25
➑️UK Stocks230
➑️US Stocks1080
➑️ETFs138
Broker specifics
πŸ‘‰Active ClientsOver 447,000
πŸ’°Minimum Deposit0
❔Inactivity Fee10EUR per month
πŸ“…Founded2002
ℹ️Public Companyβœ”οΈ
Account Types
➑️CFD Tradingβœ”οΈ
➑️Forex Tradingβœ”οΈ
➑️Spread Betting❌
➑️DMA (Direct Market Access)❌
➑️Futures Trading❌
➑️Options Trading❌
➑️Investing Account❌
Average Costs
➑️FTSE 1001.7
➑️DAX 301
➑️DJIA3
➑️NASDAQ1
➑️S&P 5000.5
➑️EURUSD0.9
➑️GBPUSD1.4
➑️USDJPY1.4
➑️Gold0.35
➑️Crude Oil3
➑️UK Stocks0.08%
➑️US Stocks0.08%

XTB News

XTB FAQs:

Yes, we rate XTB as a good broker and can recommend it based on their pricing, reputation, customer service, regulator status and platform features.

Yes. If you are trading through the FCA regulated entity of XTB your funds are protected by the FSCS. However, it’s important to note that XTB offers CFDs which are a high-risk and volatile way to invest and trade the market.

There is no minimum deposit required to open an account. However, you will need enough funds on account to cover the initial and variation margin of the positions you open.

XTB say it takes one business day to withdraw funds from your account. However, this process may be delayed if you use a different withdrawal/deposit method due to AML regulations.

75% of retail investor accounts lose money when trading CFDs with this provider.
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